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date: 25 February 2020

Abstract and Keywords

This article starts with a summary of the microfinance movement, its growth and outreach. In addition, it outlines the various microfinance lending models and institutional designs. Next it discusses microfinance for entrepreneurs in detail, including a discussion of the challenges in measuring the impact of microfinance. Microfinance supporters often claim that it provides a way out of poverty by allowing individuals to take advantage of profitable business opportunities. This is, however, largely based on anecdotal evidence. Rigorously measuring the impact of microfinance is complicated by self-selection into microfinance and the lack of an appropriate control group.

Keywords: microfinance movement, entrepreneurial finance, institutional designs, profitable business, poverty, control group

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